The New York Times has a Bloomberg News report that the SEC is investigating a false report on CNN’s citizen journalist web site that Steve Jobs had a heart attack. The story sent Apple’s stock into a swoon.
The web has in the past been used as a way for speculators to pump and dump stock, or cause stock to fall so they could win by selling short. If
- Steve Jobs
we’re elevating comments to the work of ‘citizen journalists’ are we devaluing journalism? THe Public Radio News Directors’ slogan in ‘everyone needs an edit’. Citizen journalists publish first.